Natural Gas and Electricity News

Sept. 22, 2022

Many people are still trying to understand how they are affected by NOPEC’s announcement that they are sending their electricity customers currently enrolled in the “Standard Program Price” (.12 cents) option back to The Illuminating Company en masse. This DOES NOT APPLY TO ALL NOPEC ELECTRICITY CUSTOMERS. You can tell if you’re being switched if you see that your NOPEC electricity rate on the right side of your current bill is 0.12 cents per kilowatt hour. But if you have 6.3 cents you’re in great shape. Not to worry. And NO, NOPEC is not going out of business!!!!!
If you have NOPEC’s 0.12 cent rate you will begin to receive The Illuminating Company’s “PRICE TO COMPARE” monthly variable rate which is much lower than 0.12 cents. It’s a variable rate and you can find it on the upper left side of your bill where it says “PRICE TO COMPARE” in bold, capital letters and then below that, you’ll see the rate at the end of the line that begins with “Residential Service.” I am astonished that this rate will actually go down to 5.9 cents per kWh from about 6.7 cents. Some people with the 0.12 cent rate have already received a confirmation letter to that effect from The Illuminating Company that they are being switched automatically. Therefore, if you’re a member of the 12 cent club you don’t have to do anything. In the midst of all this you might ask, “Can I lock in a lower rate with some other company?” No, their rates are way too high.
By the way, if you think 12 cents is bad try paying 16 cents per kWh in New Hampshire!!
Many people are under the impression that NOPEC always has the lowest rates. That’s never been true and they have never claimed that.
Regarding NATURAL GAS, I am going to admit that it has been extremely difficult to come up with a firm recommendation because of the rate volatility. It has become commonplace for gas rates to go up and down many days by 50 cents or more. If you have a fixed rate with NOPEC of $4.25, $5.10, $5.25, 6.25 or $7.75 hold on to it! If rates do go back down you can always revert to the lower variable rate because NOPEC does not have early termination fees. If you have a variable rate now of $7.80 you should call NOPEC at 1-855-667-3201 and ask the friendly and very good operators to switch you to NOPEC’S 2-year fixed gas rate of $7.75.
Every now and then you will get a mailer from one of the for-profit companies or a phone call or even someone coming to your door trying to sell you their electricity or natural gas plans. In fact I have learned that a representative from IGS is making the rounds door to door. Please do not sign up for their offer before contacting me at 440-526-2606. All for profit companies’ rates are typically, but not always, higher than NOPEC’s. As Elmer Fudd says, “Be wawe wawe caful.”

Finally, when in doubt, always call Ted with questions. 440-526-2606.
The opinions expressed are those of Ted Lux and do not necessarily reflect those of Mayor Hruby or City Council.